Which turbotax k 1

Lines and codes on the forms differ from each other. View solution in original post. It appears you need to separate the activity and then enter as two distinct documents. Most people will not know how to separate the appropriate income and expenses, this clearly causes extra work and confusion. I have a similar issue. The 20Z and 20AH have supplemental pages with several numbers on them.

I am at a total loss, even if I separate boxes 1 and 3 into separate K-1s. Any help is appreciated. Why on earth is the desktop Deluxe different from the online Deluxe?

It's insane that they are not identical. You say to use "I'll explore on my own" but I have already finished the first 7 of 9 sections of "Guide Me". The trust is listed as an option in both of our wills. I am both the Trustee and Current Beneficiary, but the ultimate beneficiaries when I die are our 3 children. Why sign in to the Community? Submit a question Check your notifications Sign in to the Community or Sign in to TurboTax and start working on your taxes.

However, all K-1s provide detailed information about the type of income, tax deduction or loss so you can accurately report the information on your tax return. TurboTax Self-Employed uncovers industry-specific deductions. Some you may not even be aware of.

Find more tax deductions so you can keep more of the money you earn with TurboTax Self-Employed. Tax Advantages to Incorporating. Filing a Business Tax Extension. Estates and Trusts. Claiming the Foreign Tax Credit with Form What is the IRS Form ?

Estimate your tax refund and where you stand Get started. See if you qualify for a third stimulus check and how much you can expect Get started. Easily calculate your tax rate to make smart financial decisions Get started. Estimate your self-employment tax and eliminate any surprises Get started. Know what dependents credits and deductions you can claim Get started. Know what tax documents you'll need upfront Get started.

This is because the pass-through entity needs to complete their tax return before they can distribute K-1s. If your e-filed return was already accepted or you already mailed your return in, you'll need to amend to add the K-1 to your tax return. TurboTax Help Intuit. Where do I enter a K-1 that I received? For TurboTax Online If you haven't filed yet: Sign in and open your return by selecting Pick up where you left off under a section.

Search for K-1 and select the Jump to link at the top of the search results. This will take you to the Schedules K-1 or Q screen.